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Miami International Holdings, Inc. today reported May 2023 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl® and MIAX Emerald® (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX™).
May 2023 and Year-to-Date Trading Volume Highlights
- Total multi-listed monthly options volume for the MIAX Exchange Group reached 140.9 million contracts, a 27.8% increase year-over-year (YoY) and representing a monthly market share of 16.30%, an 18.4% increase YoY. Total year-to-date (YTD) volume reached a record 687.7 million contracts, a 22.6% increase YoY.
- MIAX Options reached a monthly volume of 56.0 million contracts, a 17.4% increase YoY and representing a monthly market share of 6.48%, an 8.8% increase YoY. MIAX Options volume reached a record 273.9 contracts YTD, an 18.9% increase YoY.
- MIAX Pearl Options reached a monthly volume of 58.7 million contracts, a 60.6% increase YoY and representing a monthly market share of 6.79%, a 48.8% increase YoY. MIAX Pearl Options volume reached a record 283.5 million contracts YTD, a 55.9% increase YoY.
- MIAX Emerald monthly volume totaled 26.2 million contracts, a 0.6% increase YoY and representing a monthly market share of 3.03%, a 6.8% decrease YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a monthly volume of 4.0 billion shares, a 43.7% increase YoY and representing a record monthly market share of 1.71%, a 70.4% increase YoY. MIAX Pearl Equities volume reached a record 16.5 billion shares YTD, a 27.6% increase YoY.
- In U.S. futures, MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reported volume of 251,517 contracts, a 4.4% decrease YoY and a 4.7% increase from April 2023.
- SPIKES® Futures volume totaled 34,768 contracts, representing a 15.8% decrease YoY and an 87.5% increase from April 2023. SPIKES Futures average daily volume totaled 1,580 contracts.
Additional MIAX Exchange Group volume information is included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Contracts |
May-23 |
May-22 |
% Chg |
Apr-23 |
% Chg |
May-23 |
May-22 |
% Chg |
|
Trading Days |
22 |
21 |
19 |
103 |
103 |
|||
|
U.S. Equity Options Industry |
864,289,702 |
800,674,708 |
7.9 % |
693,547,556 |
24.6 % |
4,188,668,980 |
4,013,737,500 |
4.4 % |
|
MIAX Exchange Group |
140,868,015 |
110,256,695 |
27.8 % |
112,917,882 |
24.8 % |
687,742,431 |
560,854,464 |
22.6 % |
|
MIAX Options |
55,976,399 |
47,678,592 |
17.4 % |
44,135,910 |
26.8 % |
273,913,401 |
230,340,929 |
18.9 % |
|
MIAX Pearl |
58,677,926 |
36,530,553 |
60.6 % |
46,521,551 |
26.1 % |
283,457,759 |
181,841,635 |
55.9 % |
|
MIAX Emerald |
26,213,690 |
26,047,550 |
0.6 % |
22,260,421 |
17.8 % |
130,371,271 |
148,671,900 |
-12.3 % |
|
Multi-Listed Options ADV |
May-23 |
May-22 |
% Chg |
Apr-23 |
% Chg |
May-23 |
May-22 |
% Chg |
|
U.S. Equity Options Industry |
39,285,896 |
38,127,367 |
3.0 % |
36,502,503 |
7.6 % |
40,666,689 |
38,968,325 |
4.4 % |
|
MIAX Exchange Group |
6,403,092 |
5,250,319 |
22.0 % |
5,943,046 |
7.7 % |
6,677,111 |
5,445,189 |
22.6 % |
|
MIAX Options |
2,544,382 |
2,270,409 |
12.1 % |
2,322,943 |
9.5 % |
2,659,353 |
2,236,320 |
18.9 % |
|
MIAX Pearl |
2,667,178 |
1,739,550 |
53.3 % |
2,448,503 |
8.9 % |
2,752,017 |
1,765,453 |
55.9 % |
|
MIAX Emerald |
1,191,531 |
1,240,360 |
-3.9 % |
1,171,601 |
1.7 % |
1,265,740 |
1,443,417 |
-12.3 % |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market Share |
May-23 |
May-22 |
% Chg |
Apr-23 |
% Chg |
May-23 |
May-22 |
% Chg |
|
MIAX Exchange Group |
16.30 % |
13.77 % |
18.4 % |
16.28 % |
0.1 % |
16.42 % |
13.97 % |
17.5 % |
|
MIAX Options |
6.48 % |
5.95 % |
8.8 % |
6.36 % |
1.8 % |
6.54 % |
5.74 % |
14.0 % |
|
MIAX Pearl |
6.79 % |
4.56 % |
48.8 % |
6.71 % |
1.2 % |
6.77 % |
4.53 % |
49.4 % |
|
MIAX Emerald |
3.03 % |
3.25 % |
-6.8 % |
3.21 % |
-5.5 % |
3.11 % |
3.70 % |
-16.0 % |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
May-23 |
May-22 |
% Chg |
Apr-23 |
% Chg |
May-23 |
May-22 |
% Chg |
|
Trading Days |
22 |
21 |
19 |
103 |
103 |
|||
|
U.S. Equities Industry |
233,966 |
277,389 |
-15.7 % |
196,155 |
19.3 % |
1,160,730 |
1,310,930 |
-11.5 % |
|
MIAX Pearl Volume |
3,992 |
2,778 |
43.7 % |
3,034 |
31.6 % |
16,451 |
12,893 |
27.6 % |
|
MIAX Pearl ADV |
181 |
132 |
37.2 % |
160 |
13.6 % |
160 |
125 |
27.6 % |
|
MIAX Pearl Market Share |
1.71 % |
1.00 % |
70.4 % |
1.55 % |
10.3 % |
1.42 % |
0.98 % |
44.1 % |
|
Futures & Options Trading Volume for MGEX, Current Month |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
May-23 |
May-22 |
% Chg |
Apr-23 |
% Chg |
May-23 |
May-22 |
% Chg |
|
Trading Days |
22 |
21 |
19 |
103 |
103 |
|||
|
MGEX Futures Volume |
251,517 |
263,158 |
-4.4 % |
240,298 |
4.7 % |
1,153,851 |
1,439,543 |
-19.8 % |
|
MGEX ADV |
11,433 |
12,531 |
-8.8 % |
12,647 |
-9.6 % |
11,202 |
13,976 |
-19.8 % |
